Economic

A busy three weeks

So, for about the next three weeks I'll be very busy finishing up a compressed Biology class, so the posts are going to be few and far between. But I do intend to add some more functionality to the site (which requires much less time than fact checking my posts). So for the most part I'm just going to post some links to news I'm following.

 

For instance...

China could be facing their own economic beast from the post peak oil world, but their government price controls hide but do not solve the higher energy prices. This is similar to what I explained earlier how the “Gas Tax Holiday” is form of corporate welfare that hides actual market prices. In China this is a similar reaction that keeps pump prices low with money taken from the governments tax budget. This leads to monetary devaluation and market inflation.

also...

Hidden costs of fossile fuels vs upfront costs of renewable energy

A coke bottle labeld black gold, floating in the ocean, in front of a flamming oil derick.    One of the most common arguments against investing in renewable energy is the high initial cost involved in building the infrastructure. Many economists and investors, big and small, say this alone is a valid argument for not investing in a renewable energy infrastructure. This kind of reasoning is built on the basis of the history of dirt cheap cost of fossil fuel energy, which is quickly becoming a point of past history. Simply put, no other energy source can come close to the EROEI(energy returned on energy invested) of fossil fuel energy sources of the past, this is undeniable. And while the costs of petroleum, natural gas, and coal are on the rise even the current market increases still make them the cheapest forms of energy around. But their comes both tremendous hidden costs and very delayed costs to using fossil fuel energy sources that effect everything from our national economy to our very own personal health.